We live in something closer to an anti meritocracy than a meritocracy. The people who rise to the top are more often than not the most shameless, self centered people who feel little to no guilt scamming people to get what they want
Almost all of these billionaires lied to investors through their teeth to get their funding secured, the startups did good at first and then disappeared from the world, and then they used the funding they generated to keep failing upwards.